BENEDICTINE HEALTH SYSTEM

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

JERRY CARLEY

Phone

7633472200

Tax Period

2024-07-01 to 2025-06-30

BENEDICTINE HEALTH SYSTEM, founded in 1985, is a mid-sized nonprofit in the Health Care sector that reported $76.9M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $88.2M exceeded revenue, resulting in a 15% operating deficit.

Mission

WE ARE A CATHOLIC, FAITH-BASED ORGANIZATION ENTRUSTED WITH ADVANCING THE LIFE-ENHANCING SENIOR CARE MINISTRY OF THE BENEDICTINE SISTERS OF DULUTH, MINNESOTA. WE WITNESS TO GOD'S LOVE BY CREATING COMPASSIONATE COMMUNITIES PROVIDING SUPPORT TO THOSE WE SERVE TO LIVE FULLY AND LIVE WELL WITH SPECIAL CONCERN FOR THE UNDERSERVED AND THOSE IN NEED.

Program Service Accomplishments

Program 1

Expenses: $33,042,622 Revenue: $57,407,952

BENEDICTINE IS A CATHOLIC, MISSION-DIRECTED AND VALUES-BASED HEALTH CARE SYSTEM ENTRUSTED WITH FURTHERING THE HEALTH CARE MINISTRY OF THE BENEDICTINE SISTERS OF ST. SCHOLASTICA MONASTERY IN DULUTH...

BENEDICTINE IS A CATHOLIC, MISSION-DIRECTED AND VALUES-BASED HEALTH CARE SYSTEM ENTRUSTED WITH FURTHERING THE HEALTH CARE MINISTRY OF THE BENEDICTINE SISTERS OF ST. SCHOLASTICA MONASTERY IN DULUTH, MINNESOTA. BENEDICTINE OWNS OR HAS A CONTROLLING INTEREST IN 26 NURSING FACILITIES WITH 2,108 LICENSES BEDS AND 34 SENIOR HOUSING FACILITIES WITH 2,674 UNITS IN FIVE STATES.

Program 2

Expenses: $2,778,726 Revenue: $3,167,391

OPERATIONS OF DISREGARDED ENTITY - MADONNA SUMMIT OF BYRON, LLC DBA: BENEDICTINE LIVING COMMUNITY - BYRON (41-2337717) OPERATES A 30-UNIT ASSISTED LIVING AND 20-UNIT INDEPENDENT LIVING FACILITY IN...

OPERATIONS OF DISREGARDED ENTITY - MADONNA SUMMIT OF BYRON, LLC DBA: BENEDICTINE LIVING COMMUNITY - BYRON (41-2337717) OPERATES A 30-UNIT ASSISTED LIVING AND 20-UNIT INDEPENDENT LIVING FACILITY IN BYRON, MINNESOTA. THE FACILITY HAD 92.5% OCCUPANCY AND SERVED 59 INDIVIDUALS DURING THE FISCAL YEAR ENDED 6/30/25.

Program 3

Expenses: $5,006,555 Revenue: $6,137,014

OPERATIONS OF DISREGARDED ENTITY - BENEDICTINE LIVING COMMUNITY OF NORTHFIELD, LLC (82-4307824) OPERATES A 97-UNIT ASSISTED LIVING AND INDEPENDENT LIVING FACILITY IN NORTHFIELD, MINNESOTA. THE...

OPERATIONS OF DISREGARDED ENTITY - BENEDICTINE LIVING COMMUNITY OF NORTHFIELD, LLC (82-4307824) OPERATES A 97-UNIT ASSISTED LIVING AND INDEPENDENT LIVING FACILITY IN NORTHFIELD, MINNESOTA. THE FACILITY HAD 94.2% OCCUPANCY AND SERVED 130 INDIVIDUALS DURING THE FISCAL YEAR ENDED 6/30/25.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,422,367

Program Service Revenue $85,151,862

Investment Income $1,544,576

Other Revenue $-12,240,829

TOTAL REVENUE $76,877,976

Expense Breakdown

Grants Paid $1,307,798

Salaries & Benefits $60,598,347

Fundraising Expenses $2,763

Program Expenses $53,144,158

Other Expenses $26,245,332

TOTAL EXPENSES $88,151,477

Year-over-Year Comparison

	2024	2023	Change
Revenue	$76,877,976	$82,507,878	-0.1%
Expenses	$88,151,477	$74,217,150	+0.2%
Net Income	$-11,273,501	$8,290,728	-2.4%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

804

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,697,044

Total Directors

$1,713,844

Key Employees

$2,157,817

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY CARLEY	CEO OF BHS	40.00	Officer Director	$913,522	$174,329	$1,087,851
KEVIN RYMANOWSKI	CFO & TREASURER	40.00	Officer Director	$511,297	$89,096	$600,393
JEFFREY GARLAND	CHAIR	40.00	Officer Director	$4,000	$0	$4,000
PAUL HASKINS	VICE CHAIR	20.00	Officer Director	$3,200	$0	$3,200
DAVID HOEL	DIRECTOR	1.00	Director	$1,200	$0	$1,200
DAVID MARC	DIRECTOR	1.00	Director	$1,200	$0	$1,200
DEAN AGER	DIRECTOR	1.00	Director	$1,700	$0	$1,700
JAY STERNS	DIRECTOR	1.00	Director	$1,800	$0	$1,800
JENNY MUSECH PETERSON	DIRECTOR	1.00	Director	$1,600	$0	$1,600
PAUL GRIZZELL	DIRECTOR	1.00	Director	$3,000	$0	$3,000
BEVERLY RAWAY OSB	DIRECTOR	1.00	Director	$3,200	$0	$3,200
DANILE LYNCH OSB	SECRETARY	1.00	Officer Director	$1,600	$0	$1,600
CLARE MARIE TRETTEL OSB	DIRECTOR	1.00	Director	$2,000	$0	$2,000
TOM SHEA	DIRECTOR	1.00	Director	$1,100	$0	$1,100
ANNELIESE PETERSON	SR. VICE PRESIDENT	40.00	Key Emp	$373,997	$90,827	$464,824
TAPFUMANEYI GIFT MATEMBA-MUTASA	SR. VICE PRESIDENT	40.00	Key Emp	$304,863	$41,329	$346,192
ANDREW OPSAHL	VICE PRESIDENT	40.00	Key Emp	$290,657	$47,727	$338,384
BENEDICT WOIT	SR. VICE PRESIDENT	40.00	Key Emp	$285,102	$48,214	$333,316
JOAN MARIE STELMAN OSB	SR. VICE PRESIDENT	40.00	Key Emp	$159,641	$26,514	$186,155
JILL HACKENMUELLER	SR. VICE PRESIDENT	40.00	Key Emp	$176,649	$35,691	$212,340
LAURIE M HENNEN SCHEILLER	SR. VICE PRESIDENT (THRU 08/2024)	40.00	Key Emp	$232,008	$44,598	$276,606
SHAWN JOHNSON	VICE PRESIDENT	1.00	Highest	$286,865	$30,922	$317,787
JANIS HOOEY	MANAGER - COMMUNICATIONS	1.00	Highest	$272,784	$35,444	$308,228
TAYLAR HACK	VP-OPERATIONS	40.00	Highest	$271,593	$21,125	$292,718
JENNIFER BRUHN	VP-OPERATIONS	40.00	Highest	$266,863	$18,774	$285,637
BRIANA STURM	VP-OPERATIONS	40.00	Highest	$255,888	$20,535	$276,423

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$76,877,976	$88,151,477	$191,223,201	$-11,273,501
2024	No data	No data	No data	No data
2023	$84,114,762	$69,638,819	$175,816,528	$14,475,943
2022	$57,321,212	$61,087,253	$142,221,836	$-3,766,041
2021	$52,627,237	$60,182,098	$145,897,657	$-7,554,861
2020	$53,035,199	$51,475,595	$153,472,496	$1,559,604
2019	$53,992,250	$49,093,565	$150,331,276	$4,898,685
2018	$57,630,808	$54,513,189	$62,070,551	$3,117,619